Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Sees Large Decline in Short Interest

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 804 shares, a drop of 58.6% from the July 15th total of 1,941 shares. Based on an average daily trading volume, of 8,210 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Direxion Daily AI and Big Data Bull 2X Shares Price Performance

Shares of Direxion Daily AI and Big Data Bull 2X Shares stock traded down $1.23 during trading on Friday, hitting $67.96. 3,427 shares of the company were exchanged, compared to its average volume of 14,254. The firm has a market capitalization of $27.18 million, a P/E ratio of 35.29 and a beta of 4.19. The firm’s fifty day moving average price is $61.61 and its 200 day moving average price is $53.20. Direxion Daily AI and Big Data Bull 2X Shares has a 1-year low of $32.91 and a 1-year high of $78.96.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Direxion Daily AI and Big Data Bull 2X Shares stock. IFP Advisors Inc bought a new stake in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 500 shares of the company’s stock, valued at approximately $25,000. IFP Advisors Inc owned approximately 0.08% of Direxion Daily AI and Big Data Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily AI and Big Data Bull 2X Shares Company Profile

The Direxion Daily AI and Big Data Bull 2X Shares (AIBU) is an exchange-traded fund that is based on the Solactive US AI & Big Data index. The fund tracks 2x the daily price movements of a concentrated index of US companies involved in artificial intelligence (AI) applications and big data. Stocks are weighted based on their relevance to the business fields. AIBU was launched on May 15, 2024 and is issued by Direxion.